Vietnam is an open economy with trading flow of US$340 billion, 1.6 times its GDP, and has attracted total registered foreign direct investment (FDI) of US$300 billion in 2016. The FDI sector accounts for approximately 70%
of the country’s export turnover, equivalent to 22% of GDP. The FDI sector has generated millions of jobs and contributed greatly to innovation and modernisation, boosting the economy’s growth.